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In 2014, the Government of India set a renewable energy target of 175 GW by 2022. This comprises of 100 GW from solar, with 40 GW from rooftop solar alone, plus 60 GW of new capacity from wind, 10 GW from biomass and 5 GW from small hydro. These ambitious goals provide a huge opportunity for investors and the corporate sector to play an important role in the growth of renewables in India.
Ahead of the COP21 climate negotiations in December 2015, India submitted its Intended Nationally Determined Contribution (INDC) to the UNFCCC, setting out further ambition to tackle climate change. The Government of India pledged to reduce carbon emissions relative to GDP by 33-35% from 2005 levels by 2030, and committed to source 40% of the country’s electricity from non-fossil fuel-based sources by 2030.
RE100’s first report focused on India provides an outline of the renewables landscape in India in 2015, with a focus on the action being taken by businesses there. In May 2015, Infosys was the first Indian company joined the RE100 campaign, followed by Tata Motors Limited in March 2016.
For more information about RE100 in India contact Rashi Gupta, The Climate Group.